Behavioral Predictive Modeling in Economics
Published on 5. August 2020
IX, 451 pages
978-3-030-49728-6 (ISBN)
Description
This book presents both methodological papers on and examples of applying behavioral predictive models to specific economic problems, with a focus on how to take into account people's behavior when making economic predictions. This is an important issue, since traditional economic models assumed that people make wise economic decisions based on a detailed rational analysis of all the relevant aspects. However, in reality - as Nobel Prize-winning research has shown - people have a limited ability to process information and, as a result, their decisions are not always optimal. Discussing the need for prediction-oriented statistical techniques, since many statistical methods currently used in economics focus more on model fitting and do not always lead to good predictions, the book is a valuable resource for researchers and students interested in the latest results and challenges and for practitioners wanting to learn how to use state-of-the-art techniques.
More details
Series
Language
English
Place of publication
Cham
Switzerland
Publishing group
Springer International Publishing
Target group
Professional and scholarly
Product notice
Reflowable
Illustrations
IX, 451 p. 91 illus., 52 illus. in color.
File size
11,17 MB
ISBN-13
978-3-030-49728-6 (9783030497286)
DOI
10.1007/978-3-030-49728-6
Schweitzer Classification
Other editions
Additional editions
Songsak Sriboonchitta | Vladik Kreinovich | Woraphon Yamaka
Behavioral Predictive Modeling in Economics
Book
08/2020
Springer
€192.59
Shipment within 7-9 days
Content
Introduction.- Behavioral Predictive Modeling in Economics.- Conclusion.
